Danone to cut Japanese firm

Yoghurt-maker Danone is reportedly in talks with Japanese brewers about offloading some distribution operations linked to its water business in the country, to help cut losses in a slow-growth region. Danone said at the weekend it was not prepared to dispose of its Japanese water business, despite speculation it was ready to sell out. Earlier this month, reports claimed Kirin Holdings, Asahi Breweries and Suntory Holdings had entered talks to take over Japanese operations.